AT&T profits on subscriber additions General Dynamics drops after weak outlook Tesla, IBM publish results Indices: Dow up 0.03%, S&P 500 down 0.02%, Nasdaq down 0.18% NEW YORK, Jan. 25 (Reuters) – The S&P 500 ended nominally lower on Wednesday as a streak of corporate earnings ranged from dismal to dismal, reigniting concerns about the … Read more
24 Jan. (Reuters) – Rupert Murdoch on Tuesday withdrew a proposal to reunite News Corp (NWSA.O) and Fox Corp as the company also explores a sale of Move Inc, which operates the website Realtor.com, to CoStar Group, according to reports a legal request and resources familiar with the process. Three sources familiar with the matter … Read more
24 Jan. (Reuters) – Ad spend on Twitter Inc fell 71% in December, data from an advertising research firm showed, as top advertisers slashed spending on the social media platform following the acquisition of Elon Musk. The recent Standard Media Index (SMI) data comes as Twitter moves to reverse the advertiser exodus. It has introduced … Read more
24 January (Reuters) – Paranoid? The domino demise of FTX and other crypto custodians is enough to make the most trusting investor grab their bitcoin and shove it under the mattress. Holders large and small are indeed taking “self-custody” of their funds, moving them from crypto exchanges and trading platforms to personal digital wallets. As … Read more
23 Jan. (Reuters) – Microsoft Corp. (MSFT.O) announced a further multi-billion dollar investment in OpenAI on Monday, cementing ties with the startup behind chatbot sensation ChatGPT and paving the way for more competition with rival Alphabet Inc’s (GOOGL) .o) Google. Microsoft recently touted a revolution in artificial intelligence (AI), building on a bet it made … Read more
Baker Hughes falls on missing fourth quarter earnings estimates Activist investor Elliott Management takes a stake in Salesforce Chips on track for biggest daily gain since Nov Indexes up: Dow 0.98%, S&P 1.41%, Nasdaq 2.09%, NEW YORK, Jan. 23 (Reuters) – Wall Street rose Monday, led higher by technology stocks as investors began a week … Read more
Jan 23 (Reuters) – Spotify Technology SA (SPOT.N) said on Monday it plans to cut 6% of its workforce and take a related charge of up to $50 million, adding to the massive layoffs in the technology sector in preparation for a possible recession. The tech industry is facing a slump in demand after two … Read more
WASHINGTON, Jan. 20 (Reuters) – The cloud services division of Amazon.com Inc. (AMZN.O) said Friday it plans to invest an additional $35 billion by 2040 to expand data centers in Virginia. Amazon Web Services (AWS) said the new investment will create 1,000 jobs. Virginia Republican Governor Glenn Youngkin said AWS will set up multiple data … Read more
Jan 20 (Reuters) – Google’s parent company Alphabet Inc (GOOGL.O) is cutting about 12,000 jobs as it faces “a different economic reality,” it said in a staff memo. experimental projects. The job cuts affect 6% of the workforce and follow thousands of layoffs at tech giants including Amazon.com Inc (AMZN.O), Microsoft Corp (MSFT.O) and Meta … Read more
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